The Ruling on Car Insurance and Receiving Compensation
Machine translationRead the Arabic original
Question:
Another questioner asks about the insurance taken out on cars, and whether it is permissible to take the compensation from the company?
Answer:
Commercial insurance is forbidden. The scholars in this country have reached a consensus on this, and rulings have been issued prohibiting commercial insurance. This includes health insurance, educational insurance, and all insurance. None of it is permissible because it is consuming wealth unjustly. It involves riba (usury or interest), it involves ignorance, it involves uncertainty, it involves unknown penalties, and it involves risks. This is not permissible.
Another questioner asks about the insurance taken out on cars, and whether it is permissible to take the compensation from the company?
Answer:
Commercial insurance is forbidden. The scholars in this country have reached a consensus on this, and rulings have been issued prohibiting commercial insurance. This includes health insurance, educational insurance, and all insurance. None of it is permissible because it is consuming wealth unjustly. It involves riba (usury or interest), it involves ignorance, it involves uncertainty, it involves unknown penalties, and it involves risks. This is not permissible.
Source
لقاء مفتوح في الحرس الوطني — alfawzan.live (39:05)
The Arabic text is a machine transcription of the audio recording.